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Revenue (Tables)
9 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table presents the Company's revenue disaggregated by products and services, and geographic regions, by segment:
Three Months Ended
September 30, 2021
Three Months Ended
September 30, 2020
IndustrialAerospaceTotal CompanyIndustrialAerospaceTotal Company
Products and Services
Engineered Components Products$47,217 $— $47,217 $41,746 $— $41,746 
Molding Solutions Products119,956 — 119,956 103,684 — 103,684 
Force & Motion Control Products47,534 — 47,534 37,813 — 37,813 
Automation Products16,841 — 16,841 13,668 — 13,668 
Aerospace Original Equipment Manufacturer Products— 64,058 64,058 — 52,023 52,023 
Aerospace Aftermarket Products and Services— 29,453 29,453 — 20,125 20,125 
$231,548 $93,511 $325,059 $196,911 $72,148 $269,059 
Geographic Regions (A)
Americas$90,902 $70,231 $161,133 $73,677 $56,740 $130,417 
Europe83,255 16,002 99,257 80,470 10,139 90,609 
Asia56,370 6,586 62,956 41,255 4,704 45,959 
Rest of World1,021 692 1,713 1,509 565 2,074 
$231,548 $93,511 $325,059 $196,911 $72,148 $269,059 
Nine Months Ended
September 30, 2021
Nine Months Ended
September 30, 2020
IndustrialAerospaceTotal CompanyIndustrialAerospaceTotal Company
Products and Services
Engineered Components Products$140,932 $— $140,932 $115,414 $— $115,414 
Molding Solutions Products351,115 — 351,115 294,869 — 294,869 
Force & Motion Control Products141,512 — 141,512 112,250 — 112,250 
Automation Products52,648 — 52,648 38,506 — 38,506 
Aerospace Original Equipment Manufacturer Products— 180,571 180,571 — 178,346 178,346 
Aerospace Aftermarket Products and Services— 81,068 81,068 — 95,881 95,881 
$686,207 $261,639 $947,846 $561,039 $274,227 $835,266 
Geographic Regions (A)
Americas$266,798 $194,878 $461,676 $208,232 $196,945 $405,177 
Europe262,023 43,416 305,439 230,685 49,742 280,427 
Asia153,876 21,329 175,205 118,511 23,937 142,448 
Rest of World3,510 2,016 5,526 3,611 3,603 7,214 
$686,207 $261,639 $947,846 $561,039 $274,227 $835,266 
(A) Sales by geographic region are based on the location to which the product is shipped.
Contract with Customer, Asset and Liability
Net contract assets (liabilities) consisted of the following:
September 30, 2021December 31, 2020$ Change% Change
Unbilled receivables (contract assets)$37,063 $33,009 $4,054 12 %
Contract liabilities(26,290)(39,865)13,575 (34)%
Net contract assets (liabilities)$10,773 $(6,856)$17,629 NM
NM - Not Meaningful